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Egypt To List Military-Owned Companies for Sale In Renewed Privatization Drive
...power in 2014. And just last week, the military-owned Mostakbal Misr Agency for Sustainable Development took over Egypt’s import of strategic commodities, according to a letter seen by Reuters. The agency replaces the state-owned General Authority for Supply Commodities (GASC), which has fo...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Saudi Arabia Revises Down Mid-Term Revenue Expectations
...ands at $96.20/B, with speculation that this means the kingdom needs to target an oil price of around $100/B (MEES, 27 September). What this ignores is that Saudi Arabia has only achieved a surplus once since 2014 – during 2022 when Russia’s invasion of Ukraine disrupted oil markets (see chart 1) – and ye...
Volume: 67Issue: 40Published at Fri, 04 Oct 2024 -
Cairo Advances Subsidy Cuts But Will They Outpace Inflation?
...nth, as the government announced the new bread prices, PM Moustafa Madbouly said that the Electricity Ministry was developing a plan to completely phase out electricity subsidies over the coming four years, the latest in a series of extensions since the initial plan was set out in 2014 (MEES, 24 Oc...
Volume: 67Issue: 26Published at Fri, 28 Jun 2024 -
Libya: SLB’s Quit Threat Could Send Output Gains Into Reverse
...talEnergies of France. This was for a three-year contract to deploy an “express” early production facility (EPF) at the Sirte Basin’s Mabruk field which has been shut-in since surface facilities were badly damaged by Islamic State-affiliated militants in December 2014 (MEES, 6 March 2015). SLB says the Ma...
Volume: 67Issue: 24Published at Fri, 14 Jun 2024 -
Opec Revenues Fall By $160bn In 2023
...op, revenues were still the second highest on an annual basis since 2014. Last year saw the market stabilize following the disruption caused by Russia’s early-2022 invasion of Ukraine. Russian supply proved robust, US output boomed, and demand growth was historically strong at more than 2mn b/d. But su...
Volume: 67Issue: 13Published at Fri, 29 Mar 2024 -
Qatar Trade Revenues Fall From 2022 High
...Qatar’s exceptional 2022 revenues from record oil and gas prices subsided in 2023 but its $66bn trade surplus was still the second highest since 2014. With a clear path to further hike earnings, Doha has snagged a credit rating upgrade. Like most hydrocarbon producers Qatar made ex...
Volume: 67Issue: 05Published at Fri, 02 Feb 2024